Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Amundi, Europe’s largest asset manager, is launching the Spiko Amundi Overnight Swap Fund (SAFO), a tokenized fund on Ethereum and Stellar starting with about $100 million in committed assets.

A Traditional Fund With A Tokenized Wrapper

Institutions historically related to TradFi have found a way to not to be left behind on the crypto curve in tokenized assets. In a statement published on Amundi’s website, the investment fund announced its collaboration with Spiko, a French-law regulated specialist tokenization platform, to launch SAFO as a tokenized sub-fund of SPIKO SICAV.

𝗟𝗜𝗩𝗘: Europe’s largest asset manager Amundi (€2.3 trillion AUM) & Spiko launch new tokenized mutual fund (SAFO) powered by Chainlink.

Chainlink is how the world’s leading institutions & tokenization platforms are unlocking the issuance & distribution of tokenized funds. pic.twitter.com/2GQshwqCrC

— Chainlink (@chainlink) March 19, 2026

Structurally, SAFO it’s a traditional fund, just with a tokenized wrapper: it’s designed for corporate treasury and collateral management, an “on‑chain cash parking” with low risk and overnight liquidity. The fund invests using fully collateralized total return swaps with top‑tier banks, aiming to deliver stable yields slightly above risk‑free rates while still letting investors get their money back on an overnight basis. It supports multiple currencies (EUR, USD, GBP, CHF) and can be subscribed from as little as 1 unit, which is unusually low for institutional‑grade cash products.

The firm highlighted that the fund enables almost immediate settlement, supports multiple ways to hold assets, provides live visibility into the shareholder register, and allows fund shares to move globally around the clock, with automated access through APIs or smart contracts.

In the statement, Jean-Jacques Barbéris, Head of Institutional and Corporate Clients, and ESG at Amundi, said:

SAFO provides professional investors with a fast and transparent access to cash management solutions. This initiative is part of our ambition to contribute to the rise of tokenized solutions.

Where Ethereum Comes In

The shareholder register and fund shares live on Ethereum and Stellar, with Ethereum chosen for its smart‑contract and DeFi composability, while Stellar supports faster, lower‑cost transfers and 24/7 transferability of fund units. Chainlink’s network of data providers puts SAFO’s fund value directly on the blockchain and acts as the connector between Ethereum, Stellar, and traditional systems. This gives tokenized funds a secure, standardized way to share information, building on tests Chainlink has already run with DTCC and other major institutions.

SAFO is Amundi’s second tokenized fund in a few months. Back in November, the fund rolled out a tokenized share class of a money market fund on Ethereum, working together with CACEIS, one of Europe’s top asset-servicing providers and transfer agents, as reported by Bitcoinist.

Amundi’s new venture adds to a growing universe of tokenized money‑market products from players like BlackRock, the world’s largest asset manager, and Franklin Templeton, and reinforcing Ethereum’s position as the primary settlement layer for institutional RWAs.

A €2.3 trillion incumbent plugging into Ethereum and Chainlink cements the thesis that the next leg of the crypto cycle is driven by tokenized cash, bonds, and funds rather than purely speculative DeFi.

ETH trades for $2k on the daily chart. Source: ETHUSDT on Tradingview

Cover image from Perplexity, ETHUSDT chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

BlackRock CEO Larry Fink has once again garnered significant market attention, anticipating another U.S. Fed rate cut ahead. Speaking in a discussion on Tuesday, the asset manager CEO predicted another 0.25bps interest rate cut before this year ends. This bullish anticipation has in turn glimmered hope for the future of the crypto market, sparking optimism on prices ahead.

BlackRock CEO Anticipates Another US Fed Rate Cut By 0.25 bps Sparking Optimism

In a discussion held by Bloomberg Markets on October 29, Larry Fink said that he expects the U.S. Fed to cut interest rates by another 0.25 bps before this year ends. However, the BlackRock CEO also cautions that this might not be what the broader masses nationwide expect.

Intriguingly, with September proving to be the worst month for US markets, the nation saw a 0.50% Fed rate cut the previous month, sparking optimism across the risk assets market. Notably, the policy trim came after four years of no change, potentially aiming to induce more borrowing and spending that helps stimulate the economy. In light of this market dynamic, given what Larry Fink predicts becomes true, another rate cut by 0.25 bps could further bolster the market.

It’s also worth mentioning that the market saw a substantial recovery post-last fed rate cuts, with the upside momentum further leveraging the uptober rally sentiment. Bitcoin saw gains worth nearly 18% since the last rate cut, gaining from a $60k level to the $71K level to date. Simultaneously, the broader market mimicked a bullish momentum. This phenomenon has in turn ignited considerable optimism surrounding the crypto market’s future performance in light of Fink’s recent projection.

Crypto Market Performance Today

Simultaneously, as the Uptober rally saga comes to a close, Bitcoin (BTC), Ethereum (ETH), and the major altcoins appear to be closing the month on a bullish note. The global crypto market cap rose from the $2 trillion level to the $2.4 trillion level over the past 30 days, indicating robust market growth.

Further, Bitcoin price traded at $71,398 today, up nearly 4% intraday. Also, Ethereum (ETH) price also soared 4% over the past day to reach $2,626. SOL and XRP prices gained 1-2% in the past 24 hours. Crypto market enthusiasts expect the coins to offer further gains ahead, given the BlackRock CEO’s bullish projection comes true.

Simultaneously, it’s also worth mentioning that Larry Fink also anticipated BTC market cap to hit $50 trillion, further solidifying his bullish take on the crypto future. These developments have sparked substantial investor enthusiasm surrounding the broader market’s performance ahead.

✓ Share:

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.